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Mukul Agarwal Backed Siyaram Recycling Industries Gets Rs 5 Cr Order
New Delhi [India] October 23: Siyaram Recycling Industries’ revealed that it had received a purchase order for 100 tonnes of brass billets from M/s. Al Qaryan International, Dubai, with a total value of USD 590000 (about Rs 5.00 crore). Recently the Board of Directors of Siyaram Recycling Industries Limited at its meeting held, on Saturday, [...]
New Delhi [India] October 23: Siyaram Recycling Industries’ revealed that it had received a purchase order for 100 tonnes of brass billets from M/s. Al Qaryan International, Dubai, with a total value of USD 590000 (about Rs 5.00 crore).
Recently the Board of Directors of Siyaram Recycling Industries Limited at its meeting held, on Saturday, October 5, 2024 approved fundraising through preferential issue of 30,00,000 fully paid up equity shares of face value of Rs. 10/- each at an issue price of 118/- per equity share for an aggregate amount of up to Rs. 35.40 Cr.
Additionally, subject to shareholder approval, the Board of Directors approved raising the company’s authorised share capital from Rs. 20,00,00,000/-divided into 2,00,00,000 shares of Rs. 10/-to Rs. 25,00,00,000/-divided into 2,50,00,000 shares of Rs. 10/-. On Friday, October 18, shares of Siyaram Recycling Industries, a small and medium-sized organisation (SME) owned by Mukul Agrawal, surged 6% to reach an all-time high of Rs 168 per share.
